France’s Gaztransport & Technigaz (GTT), maker of LNG containment systems has signed a settlement agreement with Chantiers de l’Atlantique.
Chantiers de l’Atlantique, based in Saint-Nazaire, France, is a shipyard owned by shipbuilding group STX Europe.
The settlement agreement ended all lawsuits opposing the two sides since 2006, GTT said in a statement on Wednesday.
Both sides also agreed on the sale by Chantiers de l’Atlantique of a patent portfolio concerning specific LNG membrane containment technologies, GTT added.